i_SVG Created with Sketch.

Capital Markets Elite Group is not a registered U.S. broker-dealer. It does not accept a U.S. Person as a client if that person was solicited by Capital Markets Elite Group. (The definition of “U.S. Person” is here.) Capital Markets Elite Group will rely on a certification from a potential customer that the potential customer either is not a U.S. Person or has not been solicited, directly or indirectly, by Capital Markets Elite Group and has not been induced by Capital Markets Elite Group to engage in securities transactions. In particular, they must certify that they were directed to this website by someone other than Capital Markets Elite Group. They must also certify that they understand that they will not be protected by U.S. laws, regulations and supervisory structures applicable to broker-dealers registered in the U.S. and they do not expect such protections to apply. You should give these certifications only if they are true. If you wish to proceed to the website knowing that, please click “Continue” below. Otherwise click “Leave Website”

Leave Website
  • Products

    Capital Markets Elite Group provides you with a range of online trading and investment products. Learn more about us and our tools to help build your portfolio.

  • Platforms

    View Capital Markets Elite Group’s suite of easy-to-use, powerful and high-tech online stock trading platforms to see which fits your trading needs best.

  • Pricing

    Each product and online trading platform offered by Capital Markets Elite Group has unique features and capabilities with no hidden costs.

  • Services

    Capital Markets Elite Group offers services in addition to our trading platforms to grow your portfolio and supply you with assistance where you need it most.

  • Company

    Capital Markets Elite Group is an online brokerage and independent asset management firm that's customer-focused and results-driven. Let us know how we can further support you.

Start Trading
Robinhood earnings are out, here are the numbers

Robinhood earnings are out, here are the numbers

Robinhood shares plunged 11% in the aftermarkets to an all-time low of $9, after a weak quarterly report. First quarter revenue was down over 43%, while the company reported a 45¢ EPS loss that was larger than the 38¢ loss expected by the Street. Revenue of just under $300 million came in below the $353 million expected by sell-side analysts.

Furthermore, the CFO of the company alluded to a challenging macro environment for the company given the sharp rise in interest rates. Average revenue per used dropped 62% year on year to $53, while monthly active users declined by 10% to 15.9 million.

The stock is down over 75% from its July 2021 IPO price of $38. The first quarter loss prompted the company to cut 9% of its full-time staff, mostly in the compliance and operations departments. Despite rapid revenue growth, Robinhood has struggled to maintain profitability due to a large expansion away from its core products.

On a plus, the brokerage firm has expanded its product offering, with the company readying additional features such as spending accounts, debit cards, crypto wallets, retirement accounts and stock lending to turn itself into a financial “super-app”.